Restaurant Building with On-Site
New
For Sale
$475,000
3301 W Michigan Avenue W, Battle Creek, MI 49037
Commercial Sale, Battle Creek, MI
Property Size2,765 SF
Lot Size1.56 Acres
Price / SF$171.79
Days on Market2
Property Features for 3301 W Michigan Avenue W
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
50
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Standard status
Active
APN
04-029-006-04
Size
2,765 SF
Lot size
1.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Documents
Tax Annual Amount
4817
Legal Description
See Documents
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1978
Number of units
1
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
RE/MAX Perrett Associates
(269) 968-6101
Listed By:
Kelli Stierle
(269) 317-4293
Added: Oct 16
Last Checked: Oct 17 at 4:06AM
MLS# 26055315
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant property contains a 2,765-square-foot building on 1.56 acres. Built in 1978, the structure has wood siding, forced-air heat, central air conditioning, and two bathrooms. Water is supplied by a well, with septic service and cable availability noted for the site.
The property fronts Michigan Avenue in Battle Creek and includes on-site parking. Its prior restaurant use is reflected in the building’s configuration and history.
The property fronts Michigan Avenue in Battle Creek and includes on-site parking. Its prior restaurant use is reflected in the building’s configuration and history.
Key Highlights
- 2,765‑square‑foot restaurant building on 1.56 acres
- Frontage on Michigan Avenue in Battle Creek
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,753
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,060
$615.1K
Cap Rate 7%
$439,329
$439.3K
Cap Rate 9%
$341,700
$341.7K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$42.8K $15.48/SF
− Vacancy
−$1.8K −$0.65/SF
EGI
$41.0K $14.83/SF
− OpEx
−$10.3K −$3.71/SF
NOI
$30.8K $11.12/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,060
Cap Rate 7%
$439,329
Cap Rate 9%
$341,700
Alternative Uses
Best Use
Specialty Retail
$439.3K
$384.4K – $512.6K
NOI $30,753 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$32.80M
$28.70M – $38.27M
NOI $2,295,959 @ 7.0% cap · market cap 483.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,428 visits/mo
0.1 miles
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property includes a 1.56-acre site with frontage on Michigan Avenue.
Where is this conventional restaurant located?
The property is located at 3301 W Michigan Avenue W Battle Creek, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,765‑square‑foot restaurant building on 1.56 acres; Frontage on Michigan Avenue in Battle Creek; On‑site parking
